Daily Market Analysis #ETH 10.31
Chart One: Daily Chart
1) Here it is still looking at the bearish order block test on D1, a breakthrough is needed to see ETH strengthen, after the breakthrough the first target is 3100.
2) ETH is oscillating very standardly, a pullback to 2550 is still a buying opportunity.
Chart Two: Hourly Chart
1) ETH was plundering upwards again yesterday, currently there is a structural damage on M15, so I am looking for a price reaction on the bullish order block on H1, here I am accumulating to go long, stop loss if it breaks down.
2) If it breaks below the bullish order block on H1, then we need to pay attention to any damage on the hourly level during the pullback, and we might need to focus on buying around 2550.
